StockNews.com Begins Coverage on Endeavor Group (NYSE:EDR)

StockNews.com initiated coverage on shares of Endeavor Group (NYSE:EDR) in a report issued on Saturday. The firm issued a hold rating on the stock.

A number of other brokerages also recently issued reports on EDR. JPMorgan Chase & Co. reissued a neutral rating and set a $27.50 price target (down from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. Jefferies Financial Group reaffirmed a hold rating and set a $27.50 price objective (down from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Guggenheim reaffirmed a neutral rating and set a $27.50 price objective (down from $36.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. UBS Group reaffirmed a neutral rating and set a $27.50 price objective (down from $31.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Finally, Evercore ISI reaffirmed an in-line rating and set a $27.50 price objective (down from $28.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $29.64.

Endeavor Group Stock Down 0.1 %

EDR stock opened at $26.39 on Friday. The firm’s fifty day simple moving average is $24.96 and its 200-day simple moving average is $23.71. The company has a market capitalization of $18.27 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.24. Endeavor Group has a 12 month low of $17.65 and a 12 month high of $26.63.

Endeavor Group (NYSE:EDR) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. Endeavor Group had a net margin of 5.98% and a return on equity of 1.05%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.55 billion. As a group, equities research analysts forecast that Endeavor Group will post 1.27 earnings per share for the current year.

Endeavor Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 14th. Endeavor Group’s dividend payout ratio (DPR) is 23.08%.

Insider Activity

In other news, CAO William K. Fullerton sold 1,148 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $23.22, for a total value of $26,656.56. Following the completion of the sale, the chief accounting officer now directly owns 82,394 shares in the company, valued at $1,913,188.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Endeavor Group news, major shareholder Patrick Whitesell acquired 1,642,970 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were purchased at an average cost of $89.01 per share, for a total transaction of $146,240,759.70. Following the completion of the acquisition, the insider now owns 1,642,970 shares of the company’s stock, valued at approximately $146,240,759.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William K. Fullerton sold 1,148 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $23.22, for a total value of $26,656.56. Following the completion of the transaction, the chief accounting officer now owns 82,394 shares in the company, valued at $1,913,188.68. The disclosure for this sale can be found here. Insiders sold 198,613 shares of company stock worth $4,874,524 over the last three months. Insiders own 82.08% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quilter Plc acquired a new position in Endeavor Group in the first quarter valued at approximately $421,032,000. Advisory Services Network LLC lifted its stake in Endeavor Group by 134.2% during the first quarter. Advisory Services Network LLC now owns 1,150 shares of the company’s stock worth $28,000 after purchasing an additional 659 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Endeavor Group by 200.2% during the fourth quarter. Lindbrook Capital LLC now owns 1,540 shares of the company’s stock worth $37,000 after purchasing an additional 1,027 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in Endeavor Group during the fourth quarter worth $52,000. Finally, ADAR1 Capital Management LLC acquired a new position in Endeavor Group during the fourth quarter worth $59,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.

About Endeavor Group

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.